Will AT&T’s Merger Appeal Pose a Threat to Comcast’s Bid for Fox?
The US government has recently decided to appeal AT&T’s (T) takeover of Time Warner, which closed last month after a federal court approved the merger following a six-week trial. The appeal by the Justice Department (or DoJ) has thus cast more doubt on the chances of Comcast (CMCSA) winning Twenty-First Century Fox (FOXA) assets.